Axis Bank branch closed during a raid by Income Tax officials in the Chandni Chowk in New DelhiThe income tax (I-T) department on Friday conducted a survey at an Axis Bank branch here in connection with its probe into possible tax evasion by way of

Kaushik BasuEven if India manages to sail through the current financial year with a minor dent in its economic growth rate, financial year 2017-18 could witness big downturn due to the demonetisation drive, warned Kaushik Basu, former chief economist

In a major blow to jewellers, the Bureau of Indian Standards (BIS) under the Ministry of Consumer Affairs (MCA) has made hallmarking of gold ornaments mandatory for three categories beginning the New Year.

After President Pranab Mukherjee criticised parliamentarians on Thursday, particularly the Opposition, for not doing their job and disrupting the winter session of Parliament, there is a rethink among them whether at all to march till the Rashtrapati

The Supreme Court on Friday sought a response from the Centre on issues related to demonetisation, such as whether or not district cooperative banks can be allowed to accept deposits with certain conditions and could there be a minimum assured weekly

Providing relief to some auto companies, the Competition Appellate Tribunal (Compat) on Friday ruled that companies would have to pay two per cent penalty on the average annual turnover of spare parts sale.

Reserve Bank of India (RBI) on Friday asked banks and companies issuing Prepaid Payment Instruments (PPIs) to conduct special security audit saying any cyber attack could prove dampener at a time when the government is urging people to go in for digital

Former Tata Sons chairman Cyrus Mistry wrote to the shareholders of Tata Motors and Tata Chemicals to seek their support against the special notice to remove him as director from the boards of both companies.